Word: cashed
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...Building the securities which were sold as mortgage-backed financial products was complex. Financial firms had to buy large pools of existing mortgages and develop mathematical models for the cash flows they would produce well into the future as homeowners made their monthly payments. These pools were cut into tranches with each tranche carrying a probability of how many mortgages in it would pay out to maturity and how many would fail. After these calculations were made, they were sold to banks, brokerage firms, and other financial institutions as high-yield paper. The major credit agencies gave these securities...
Nevertheless, the tremors are being felt across hundreds of Mexican indigenous communities that use forms of bride prices - which can include farm animals and soda as well as cash and beer. The Greenfield incident is the most high-profile U.S. court case ever to involve an indigenous Mexican marriage, and its resolution could set a precedent. Critics in Mexico have jumped at the chance to attack a practice they see as abusive to human rights. Defenders have warned against bashing Indian customs and called for understanding "cultural relativism" - a concept that sparks passionate pleas from anthropologists and searing scorn from...
...shareholders - was through stock buybacks. Investors cheer buybacks, because they shrink the number of outstanding shares, boosting a company's profits per share and usually its stock price. But corporate stock purchases also decrease banks' capital, because their earnings are used to purchase shares rather than being retained as cash. Worse, sometimes banks borrow money in order to buy back shares, upping their leverage and lowering their capital at the same time. In the past four years alone, the nation's largest banks, as defined by Standard & Poor's, have spent $300 billion buying back stock...
...hole in the banking system. And it certainly doesn't do anything to encourage banks to make more loans. Yes, banks have gotten nearly $300 billion in money from the government, and that's a lot of dough. But it's not free dough. In return for federal cash, the government has taken preferred-stock shares as the firm's markers. Unlike common stock, which is the kind you or I would buy from a broker, preferreds have to eventually be paid back, so they are really loans, not additional capital. (See which country has the best bailout plans...
...decided to do something, but what? He thought about making a show or a speech, but as he watched the rapid-fire auction unfold around him he had an idea. He would bid himself-entirely without the cash to pay for any land he might win. "I thought I'd just drive up the prices," DeChristopher says...